Midwest Professional Planners LTD. Buys Shares of 282 Tesla, Inc. (NASDAQ:TSLA)

Midwest Professional Planners LTD. bought a new stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 282 shares of the electric vehicle producer’s stock, valued at approximately $298,000.

A number of other institutional investors also recently modified their holdings of the business. Capital World Investors lifted its holdings in shares of Tesla by 0.4% during the third quarter. Capital World Investors now owns 37,427,314 shares of the electric vehicle producer’s stock worth $29,024,320,000 after purchasing an additional 144,749 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tesla by 7.0% during the third quarter. Geode Capital Management LLC now owns 13,169,939 shares of the electric vehicle producer’s stock worth $10,183,430,000 after purchasing an additional 858,839 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Tesla by 5.9% during the third quarter. UBS Asset Management Americas Inc. now owns 3,685,063 shares of the electric vehicle producer’s stock worth $2,857,693,000 after purchasing an additional 203,941 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Tesla by 1.7% during the third quarter. California Public Employees Retirement System now owns 1,774,686 shares of the electric vehicle producer’s stock worth $1,376,233,000 after purchasing an additional 29,077 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Tesla by 2.0% during the fourth quarter. New York State Common Retirement Fund now owns 1,528,244 shares of the electric vehicle producer’s stock worth $1,615,018,000 after purchasing an additional 29,335 shares during the period. Hedge funds and other institutional investors own 40.64% of the company’s stock.

TSLA traded up $41.59 on Friday, hitting $769.59. The company’s stock had a trading volume of 30,659,473 shares, compared to its average volume of 25,988,598. The company’s 50 day simple moving average is $939.30 and its 200-day simple moving average is $981.68. The firm has a market cap of $797.30 billion, a P/E ratio of 104.42, a price-to-earnings-growth ratio of 2.35 and a beta of 2.11. Tesla, Inc. has a 12 month low of $546.98 and a 12 month high of $1,243.49. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Rating) last posted its earnings results on Wednesday, April 20th. The electric vehicle producer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.96. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The business had revenue of $18.76 billion for the quarter, compared to analysts’ expectations of $17.84 billion. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 80.5% compared to the same quarter last year. Equities analysts predict that Tesla, Inc. will post 10.39 earnings per share for the current fiscal year.

In other news, CFO Zachary Kirkhorn sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $913.26, for a total transaction of $1,141,575.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 5,000 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $875.23, for a total transaction of $4,376,150.00. Following the sale, the senior vice president now owns 20,138 shares in the company, valued at approximately $17,625,381.74. The disclosure for this sale can be found here. Insiders sold a total of 418,251 shares of company stock worth $374,394,436 over the last quarter. Corporate insiders own 25.00% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Tesla from $1,035.00 to $1,175.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 21st. Zacks Investment Research downgraded shares of Tesla from a “strong-buy” rating to a “hold” rating and set a $1,034.00 target price for the company. in a research note on Monday, April 18th. Morgan Stanley reissued a “buy” rating and set a $1,300.00 target price on shares of Tesla in a research note on Friday, March 18th. Daiwa Capital Markets raised shares of Tesla from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $980.00 to $900.00 in a research note on Friday, February 25th. Finally, UBS Group lifted their target price on shares of Tesla from $1,000.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Monday, April 4th. Eight analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $956.97.

Tesla Profile (Get Rating)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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